Credit, Land Speculation, and Low-Interest-Rate Policy
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https://www.nber.org/papers/w33661
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资源简介：
This paper analyses the impact of credit expansions arising from increases in collateral values or lower interest rate policies on long-run productivity and economic growth in a two-sector endogenous growth economy with credit frictions, with the driver of growth lying in one sector (manufacturing)
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美国国家经济研究局创建时间：
2025-04-01
